Indian Overseas Bank Fixed Deposit Rates 2026
Indian Overseas Bank (IOB) fixed deposit rates for deposits below Rs.3 crore range from 2.90% p.a. to 6.60% p.a. for the general public, with senior citizens earning an additional 0.50% p.a. IOB offers tenures from 7 days to above 3 years, along with nomination, automatic renewal and a wide range of interest payout options.
Indian Overseas Bank FD Rates
IOB offers the highest interest rate of 6.60% p.a. for regular individuals. For senior citizens, the highest rate of interest is again for the same tenure for which the interest rate is 7.10% p.a.
An IOB fixed deposit comes in different tenures ranging from 7 days to above 3 years. Senior citizens get an additional interest rate of 0.50% p.a.
IOB Domestic FD Interest Rates - Below Rs. 3 Crore
Tenure | Interest rate for general public (p.a.) |
7 days to 14 days | 3.50% |
15 days to 29 days | 3.50% |
30 days to 45 days | 3.50% |
46 days to 60 days | 4.00% |
61 days to 90 days | 3.00% |
91 days to 120 days | 3.50% |
121 days to 179 days | 2.90% |
180 days to 269 days | 4.50% |
270 days to less than 1 year | 5.50% |
1 year | 6.50% |
1 year to less than 2 years (444 days not included) | 6.40% |
444 days | 6.60% |
2 years to less than 3 years | 6.40% |
3 years and above | 6.10% |
The revised interest rates per year for Regular & Senior Citizens with effect from 15 May 2026.
The 7 days to 14 days tenure requires a minimum deposit of Rs.1 lakh.
IOB Tax Saving FD Rates
The interest rate for IOB tax saving FD is as given below:
Tenure | Interest rate for general public (p.a.) |
5 years | 6.10% |
The interest rates are with effect from 15 May 2026.
The IOB Tax Saver Deposit accepts a minimum of Rs.10,000 and a maximum of Rs.1.5 lakh in a financial year, for a period of 5 years to 10 years. Premature closure is not permitted until the deposit completes 5 years.
IOB Senior Citizen Fixed Deposit Rates
- All senior citizens investing in IOB fixed deposits are eligible to avail an additional 0.50% p.a. on all deposit schemes.
- Super senior citizens, aged 80 years and above, are provided an additional interest rate of 0.75% p.a.
- Senior citizens are customers aged 60 years and above.
Indian Overseas Bank NRI FD Rates
IOB offers NRIs fixed deposits with tenures ranging from 1 year to 3 years and above with the interest rates as given below:
IOB NRE Term Deposit Rates
Tenure | Interest rate (p.a.) |
1 year | 6.50% |
1 year to 2 years | 6.40% |
444 days | 6.60% |
2 years to 3 years | 6.40% |
3 years and above | 6.10% |
These rates are effective from 15 December 2025 and are for deposits below Rs.3 crore.
Indian Overseas Bank FCNR Rates
Maturity period/Currency | GBP | EUR | JPY | CAD | AUD | CHF | NZD | SGD |
One Year & above but less than Two Years | 4.50 | 2.50 | 0.03 | 0.50 | 0.70 | 0.00 | 1.00 | 0.42 |
Two Years & above but less than Three Years | 2.10 | 0.15 | 0.05 | 1.60 | 1.00 | 0.00 | 1.20 | 0.89 |
Three Years & above but less than Four Years | 2.15 | 0.15 | 0.05 | 1.80 | 1.25 | 0.02 | 1.40 | 1.09 |
Four Years & above but less than Five Years | 2.20 | 0.15 | 0.05 | 1.90 | 1.55 | 0.02 | 1.50 | 1.23 |
Five Years Only | 2.25 | 0.15 | 0.05 | 1.95 | 1.85 | 0.02 | 1.60 | 1.39 |
Note: The interest rates are effective from 15 June 2026.
Summary
Indian Overseas Bank fixed deposit rates vary by tenure, with extra interest for senior citizens and super senior citizens, and separate rate tables for tax saving, NRE and FCNR deposits. Compare the tables above to choose the IOB FD tenure that suits your goal. Confirm the latest rates with IOB before you book your fixed deposit.
FAQs on IOB Fixed Deposit Rates
1.What is the highest rate of interest provided on IOB FD?
The highest interest rate on an IOB FD is offered for one specific tenure, which you can find in the domestic FD rate table above. Senior citizens earn an additional rate on top of the general public rate for that tenure. IOB reviews its fixed deposit rates from time to time.
2.What is the interest of 1 lakh in the Indian Overseas Bank?
The interest you earn on Rs.1 lakh in an Indian Overseas Bank FD depends on the tenure you choose, the rate applicable to that tenure and the interest payout option. You can estimate it by applying the rate for your tenure, as listed in the IOB FD rate table above, to your deposit amount.
3.What are the current Indian Overseas Bank FD interest rates 2026?
Indian Overseas Bank FD interest rates differ by tenure, and the rates for each tenure are listed in the domestic FD rate table on this page. Separate tables cover IOB tax saving, NRE and FCNR deposits. Check the note beneath each table for the date from which its rates apply.
4. In how many years FD will double in Indian Overseas Bank?
An Indian Overseas Bank FD roughly doubles in the number of years you get by dividing 72 by its annual interest rate, an approximation known as the Rule of 72. The exact time depends on the tenure, interest rate and payout option you choose for your IOB fixed deposit. The tenure, investment amount and rate of interest of an IOB FD are fixed at the time of booking.
5.Are there any special rates for senior citizens FD of Indian Overseas Bank?
Yes, Indian Overseas Bank offers senior citizens an additional interest rate on its fixed deposits over the general public rate. Super senior citizens, aged 80 years and above, receive a higher additional rate, as described in the IOB senior citizen section above. The extra rate applies on all IOB deposit schemes.
6.Who can invest in an IOB NRE term deposit?
Non-resident Indians can invest in an IOB NRE term deposit, which is offered for tenures ranging from 1 year to 3 years and above. The IOB NRE term deposit rates are listed in the NRE table above.
7.What are IOB FCNR deposit rates based on?
IOB FCNR deposit rates are listed by currency and maturity period in the FCNR table above, so the rate depends on the currency and tenure you choose. Compare the IOB FCNR rate for your chosen currency and maturity period before you invest.
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